In the Press - LFP I

LFP 1 Investor Co-ordination

click here and email us if you are an LFP I SICAV investor..
LFP I SICAV sub-funds Aventor, Blackstar Commodities, Columna Commodities, Equity Power Fund, all suffer major losses (totalling over € 100 million) in strikingly similar ways!!

We have issues with how this umbrella fund was directed/managed/advised/administered/audited/regulated.

As newly appointed directors of LFP I, we are targetting the management and service providers as well as those who embezzled the investor funds :-

  • The Luxembourg Regulator ("CSSF") - despite observing major breaches of diversification and non-compliance with investment guidelines in 2015 onwards, failed to act - then obstructed the new directors in their fraud investigations and failed to follow up fraud reports and criminal complaints.
  • Luxembourg Fund Partners ("LFP") - oversaw due diligence, compliance and managed the fund.
  • Alterdomus, new owner of LFP - real estate specialist who never inspected EPF properties or checked ownership... Refusal to hand over investment records to new Board of Director re EPF Ponzi scheme..
  • YAS - Columna Advisor, connected to BStar, the biggest creditor/black hole of Columna
  • Urban Capital Group - property developer to Equity Power Fund, 50% losses due to stolen properties and embezzlement. Dewaegenaere jailed June 2020 for financial fraud.
  • Apex Malta - administrator, and undeclared shareholder with directors in LFP, the Manager ??
  • PWC - auditors in Luxembourg & Hong Kong, ignored the liquidity and asset parameters of the fund!! Failed to spot 4 Ponzi schemes.. Auditor to LFP, knew the conflict with Apex as a shareholder with directors and in same building..
  • ABN Amro/BGL BNP Paribas - Custodian & Depository, remitted Columna investment monies to unauthorised counterparties, resulting in major losses.
  • KBL/Quintet - Custodian & Depository, remitted € 8 million for EPF properties it never took title to...
  • SocGen - Custodian & Depository, failed to protect the financial assets of the fund!! Sent US$ 9 million from Columna to the wrong accounts in wrong countries with insider help!!

PRESS COVERAGE...
(3/9/20) Alter Domus sued over Ponzi scheme Equity Power Fund mismanagement
(11/8/20) Whistleblower/Director Mapley files appeal against CSSF punitive measures
(9/7/20) Court sentences director linked to EPF fraud case
(30/6/20) Equity Power Fund advisor Dewaegenaere jailed for financial fraud
(22/6/20) Columna claim against ABN Amro filed for US$ 37.55 million
(3/6/20) CSSF suspend whistleblower fund director
(26/5/20) Director Mapley statement re CSSF attack
(25/5/20) CSSF suspends Whsitleblower/Director Mapley
(19/4/20) Investment Officer - CSSF fails to enforce fund regulation
(19/3/20) The Luxembourg walls that seem to shelter financial fraud
(6/3/20) LFP I Press Release - LFP sues custodian Quintet for €8 million of losses
(25/2/20) Paperjam - La CSSF dans le viseur des administrateurs d’un fonds
(24/2/20) Financial Times - Luxembourg regulator accused of failing to protect investors
(30/1/20) Luxembourg Times - Law firm A&O told to drop client over conflict of interest
(22/1/20) LFP I Press Release - LFP increases Columna claims against Socgen to $47 million
(2/1/20) LFP I Press Release - LFP sues ex-directors for €53 million Columna losses
(18/12/19) LFP I Press Release - LFP sues ABN Amro over $10 million Columna losses
(6/12/19) LFP I Press Release - LFP sues ex-directors, administrators over Aventor Ponzi scheme
(12/11/19) Luxembourg Times - LFP sues PWC over Aventor Ponzi scheme audits
(16/10/19) Expert Investor - LFP sues Urban Capital Group over Equity Power Fund fraud
(28/8/19) Luxembourg Times - LFP accuses Belgian businessman, says millions missing
(3/8/19) Belgian Times Times - Investigation into fraud with Belgian real estate
(26/4/19) Expert Investor - LFP sues Alter Domus, for $55 million over Columna
(18/4/19) Reuters - LFP sues Alter Domus, for $55 million over Columna
(19/4/19) Delano - LFP sues Alter Domus, for $55 million over Columna
(28/1/19) Press report - LFP sues SocGen, ex-custodian, for $9 million
(17/1/19) International Adviser - Investment firm takes fund manager battle to Luxembourg court (10/9/18) International Adviser - Investigator steps up pressure on scam Sicav fund
(20/8/18) Expert Investor - Columna fund investigator calls for Lux. regulator action
(30/7/18) International Adviser - Failed Columna fund sets up task force
(20/7/18) Expert Investor - Failed Columna fund targetted by financial investigator



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